Blackstone Acquires 8 OC Retail Centers in $4 Billion Deal<\/p>\n
Blackstone, a New York-based real estate investor, has acquired Retail Opportunity Investment Corporation, a San Diego-based real estate investment trust, for $4 billion. The deal includes 93 shopping centers across the West Coast, with eight located in Southern California.<\/p>\n
The acquisition includes a portfolio of 10.5 million square feet of grocery-anchored shopping centers in Southern California, San Francisco, Seattle, and Portland, according to the Orange County Business Journal and the Commercial Observer, citing CoStar.<\/p>\n
The all-cash deal, valued at $4 billion including existing debt, closed on February 12, after its announcement last fall.<\/p>\n
“The grocery-anchored shopping center sector is experiencing accelerating fundamentals, benefiting from nearly a decade of virtually no new construction, while demand for brick-and-mortar grocery stores, restaurants, fitness, and other lifestyle retailers remains healthy,” said Jacob Werner, co-head of Americas Acquisitions at Blackstone Real Estate.<\/p>\n
Eight of the shopping centers are located in Orange County, including Peninsula Marketplace and 5 Points Plaza, both in Huntington Beach; Fullerton Crossroads in Fullerton; Harbor Place Center in Garden Grove; Santa Ana Downtown Plaza in Santa Ana; Cypress City West in Cypress; The Village at Nellie Gail Ranch in Laguna Hills; and Marketplace at Mission Foothills in Mission Viejo.<\/p>\n
Blackstone paid $40 million for Peninsula Marketplace at 19021-19125 Goldenwest Street, anchored by a Ralphs Fresh Fare supermarket and Planet Fitness, the highest price of the OC group, according to the Business Journal. Most of Fullerton Crossroads at 3200-3362 Yorba Linda Boulevard sold for $37.3 million, with a Kohl’s trading hands in a separate deal for $35.7 million.<\/p>\n
Harbor Place Center at 13190-13220 Harbor Boulevard in Garden Grove, with a Ross Dress for Less, sold for $36.9 million, while 5 Points Plaza at 18593 Main Street in Huntington Beach traded in two separate deals, for $35.2 million and $33.5 million, according to the Business Journal.<\/p>\n
The remaining Orange County shopping centers in the portfolio swapped ownership for smaller sums. Cypress Center West at 4005-4197 Ball Road sold for $25 million; most of The Village at Nellie Gail Ranch at 26532 Moulton Parkway sold for $12.8 million, with a Smart & Final Extra! grocery store also selling for $12.3 million. Marketplace at Mission Foothills at 28721-28841 Los Alisos Boulevard sold for $6.2 million. The price Blackstone paid for Santa Ana Downtown Plaza at 301-431 East 1st Street was not disclosed.<\/p>\n
Conclusion:
\nThe acquisition by Blackstone is a significant move in the real estate investment market, highlighting the growing demand for brick-and-mortar shopping centers and the importance of grocery-anchored retail.<\/p>\n
FAQs:<\/p>\n
* What is the name of the company that acquired Retail Opportunity Investment Corporation?
\n\t+ Blackstone
\n* How much did Blackstone pay for the acquisition?
\n\t+ $4 billion
\n* How many shopping centers are included in the portfolio?
\n\t+ 93
\n* Where are the shopping centers located?
\n\t+ West Coast, including Southern California, San Francisco, Seattle, and Portland
\n* How many shopping centers are located in Orange County?
\n\t+ 8<\/p>\n","protected":false},"excerpt":{"rendered":"
Blackstone Acquires 8 OC Retail Centers in $4 Billion Deal Blackstone, a New York-based real estate investor, has acquired Retail Opportunity Investment Corporation, a San Diego-based real estate investment trust, for $4 billion. The deal includes 93 shopping centers across the West Coast, with eight located in Southern California. The acquisition includes a portfolio of […]<\/p>\n","protected":false},"author":3,"featured_media":8506,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[24],"tags":[],"class_list":{"0":"post-8505","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-real-estate"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/static.therealdeal.com\/wp-content\/uploads\/2025\/02\/Blackstone-acquires-Retail-Opportunity-Investment-Corporation-for-4B-f.jpg?w=1920&resize=1920,1344&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/posts\/8505"}],"collection":[{"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/comments?post=8505"}],"version-history":[{"count":1,"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/posts\/8505\/revisions"}],"predecessor-version":[{"id":8507,"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/posts\/8505\/revisions\/8507"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/media\/8506"}],"wp:attachment":[{"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/media?parent=8505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/categories?post=8505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/tags?post=8505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}